---
title: 'M&A Intern at iwoca'
canonical: 'https://feeny.ai/job/m-a-intern-iwoca-london-n7ywsfx51yg1'
type: 'job'
last_seen: '2026-11-08'
---

# M&A Intern at iwoca

- **Company:** iwoca
- **Location:** London, United Kingdom
- **Employment:** full-time
- **Work type:** hybrid
- **Posted:** 2026-11-05
- **Last confirmed live:** 2026-11-08
- **Apply:** https://jobs.ashbyhq.com/iwoca.co.uk/f55a390e-e684-4cd6-a77d-899b5f0efa51

## Job description

The company Small businesses move fast. Opportunities often don’t wait, and cash flow pressures can appear overnight. To keep going, and growing, SMEs need finance that’s as flexible and responsive as they are. That's why we built iwoca. Our smart technology, data science and five-star customer service ensures business owners can act with the speed, confidence and control they need, exactly when it's needed. We’ve already cleared the way for 100,000 businesses with more than £4 billion in funding. Our passionate team is driven to help even more SMEs succeed, through access to better finance and other services that make running a business easier. Our ultimate mission is to support one million SMEs in their defining moments, creating lasting impact for the communities and economies they drive.

We're looking for an M&A Intern to join manda, iwoca's M&A platform. This is a paid off-cycle internship of up to 6 months, for someone who wants to build a long-term career in fintech - Hybrid in London.

manda is where AI meets Mergers & Acquisitions. Over the last months we've built a proposition for buying and selling UK small businesses. Our first deals are done, and our pipeline is growing across both sell-side and buy-side. Most M&A firms shy away from the sub-£10m EV segment because information asymmetry, lack of knowledge, and low transaction sizes make it hard to serve profitably. iwoca has 150,000+ SME customers in the UK and a track record of building clean, automated processes, and manda is leveraging that to build an M&A platform that serves this market properly.

Your edge as an intern: you'll work on live sub-£10m transactions from week one, not pitch books for deals you'll never touch. You'll see the full deal lifecycle (origination, diligence, execution, close) inside a venture small enough that the work you do moves the business, and you'll have AI and automation as leverage rather than as a side project.

The team You'll sit inside the manda Deal Team and work directly with the people running the platform: our sell-side and buy-side Transaction Managers, our Due Diligence Manager, and the Venture Lead. The team is small enough that you'll be in the room for real decisions on live deals, and the tooling we use (CRM, VDR, AI automated workflows) is being built in parallel by the same people you'll be working alongside.

## The role

The internship is split into two phases to give you both breadth across the deal engine and depth on a project you own.

Phase 1: Core M&A Operations (first 2 months). You'll get to try out several of our live workstreams, and we'll decide your final placement based on deal flow, team priorities and where you add the most. You'll do real day-to-day work supporting the team where it matters most. Workstreams include:

- Sell-side execution: supporting our sell-side Transaction Managers across the deal lifecycle. Qualifying inbound and outbound vendor leads, preparing materials, populating Virtual Data Rooms, and coordinating buyer Q&A.
- Buy-side execution: supporting our buy-side Transaction Manager managing the live pipeline of searchers and acquirers. Qualifying buyer mandates, matching them to live sell-side opportunities, and helping move deals through to LOI.
- Due diligence support: working with our DD Manager on company valuation and diligence for live sell-side mandates. Turning raw SME data into clear reports on business model, financial position, and fair valuation.
- Origination: identifying SMEs likely to sell, running our "likely seller" models against iwoca's customer base, and converting matches into mandates.
- Product, data & AI: turning manual workflows into automated ones, mapping the data schema for our "Digital IM", and building AI-enabled tooling that gives our Transaction Managers leverage. You'll work closely with the Venture Lead on this.

Phase 2: The project (months 3-6). Once you've built the foundation, you'll scope a project with the Venture Lead to solve a real problem or seize an opportunity you've identified during Phase 1. You'll spend the rest of the internship executing it end-to-end with full ownership and regular check-ins. Examples of the kind of project we'd back: a model that scores acquisition targets against a buyer's mandate, an AI workflow that drafts a first-pass IM from raw accounts, or a structured outbound channel into a new vendor segment.

## Who you are

You're interested in M&A, FinTech, or building things from scratch, and you want to do all three at once. Most importantly, you're smart, motivated, humble, and have a growth mindset.

- You are need-driven. You take whatever is in front of you and move it forward, whether that's fixing a broken spreadsheet, calling a vendor, or cleaning up CRM data. You don't wait to be told what's important.
- You are financially literate. You can read a P&L and a balance sheet, spot what's odd, and ask the question that surfaces the real story behind the numbers.
- You are tech-curious. You bring your own stack, you're already using AI tools to multiply your output, and you treat any manual workflow you see as a candidate for automation.
- You are a clear communicator. M&A runs on trust. You write professional emails, you're not afraid to pick up the phone, and you can hold a conversation with a business owner about the company they spent 30 years building.

The requirements

- Available for a full-time, off-cycle placement of up to 6 months.
- Strong academic background, open to all disciplines.
- Any experience, projects, or initiatives that show genuine M&A, FinTech, or entrepreneurial interest. We care more about evidence of initiative than a polished CV.
- Bonus: experience working with SME data, financing, or M&A workflows.

The salary & conversion This is a paid internship with annual compensation of £30k. If it goes well and there's a fit on both sides, we'd convert you into a permanent role on the manda team, with compensation re-benchmarked against the new position.

The culture At iwoca, we prioritise a culture of learning, growth, and support, and invest in the development of our team members. We value thought and skill diversity, and encourage people to explore new areas of interest, adopt better tools – including AI – and apply sound judgement so our products and decisions improve over time.

The offices We put a lot of effort into making iwoca a great place to work:

- Offices in London, Leeds, Berlin, and Frankfurt with plenty of drinks and snacks.
- Events and community-led groups, including running groups, padel, and monthly ping-pong and pool competitions.

The benefits

- Flexible working hours.
- Medical insurance from Vitality, including discounted gym membership.
- A choice between a dedicated dental plan or a health cash plan that reimburses everyday medical expenses.
- A private GP service (separate from Vitality) for you, your partner, and your dependents.
- 25 days’ holiday per year, an extra day off for your birthday, the option to buy or sell an additional five days of annual leave, and unlimited unpaid leave.
- A one-month, fully paid sabbatical after four years.
- Instant access to external counselling and therapy sessions for team members that need emotional or mental health support.
- 3% Pension contributions on total earnings.
- An employee equity incentive scheme.
- Generous parental leave and a nursery tax benefit scheme to help you save money.
- Electric car scheme and cycle to work scheme.
- Two company retreats a year: we’ve been to France, Italy, Spain, and further afield.

And to make sure we all keep learning, we offer:

- A learning and development budget for everyone.
- Company-wide talks with internal and external speakers.
- Access to learning platforms like Treehouse.

Useful links:

- [iwoca benefits & policies](https://coda.io/@iwocauk/iwoca-benefits-policies-uk)
- [Interview welcome pack](https://coda.io/@iwocauk/interview-welcome-pack-tap)

## About iwoca

## Company Overview
- **One-liner**: iwoca is a fintech company that provides fast, flexible business loans and financial products to small and medium-sized enterprises (SMEs) in the UK and Germany.
- **Entity Type**: Private (Series D; cumulative debt and equity investment exceeds £1 billion)
- **Headquarters**: London, United Kingdom (additional offices in Leeds, Frankfurt, and Berlin)
- **Founded**: October 2011
- **Founders**: Christoph Rieche (CEO), James Dear (Co-founder)

## Core Business
- **Primary industry/industries**: Financial services – small business lending and embedded finance.
- **Target customers**: B2B – small and medium-sized enterprises (SMEs) in the UK and Germany.
- **Mission/purpose**: “Rebuild finance for small businesses” – to fund one million small businesses and give them straightforward access to finance without the friction of traditional banks.

## Products & Services
- **Flexi-Loan (Core Product)**: Unsecured business loan from £1,000 to £1,000,000 (UK) / €500,000 (Germany). Apply in 5 minutes, decision within 24 hours, repay early for free. Interest from 1.5% per 30 days, terms up to 5 years.
- **iwocaPay**: An integrated trade credit and payment solution that lets suppliers get paid instantly while giving trade customers up to £30,000 with instalment options (1, 3, or 12 months).
- **iwoca Business Credit Card** (launched May 2026): Up to £250,000 credit line with 1% cashback on all spending, up to 42 days interest-free, no annual/FX/late payment fees.

## Market Standing
- **Valuation**: Not publicly disclosed.
- **Key Metric**: Total funding raised (including debt facilities) exceeds **£1 billion** since 2012; cumulative lending of approximately **£4 billion** to over **100,000 businesses**.
- **Notable Investors/Partners**: Citibank, Insight Investment, Barclays, Värde Partners, Pollen Street Capital, Augmentum (led Series D in 2019), UK Government’s Capability & Innovations Fund.
- **Growth Signals**: 
  - Headcount grew ~30% in the past year (now ~500+ “iwocans”).
  - Loan book grew over 50% year-on-year.
  - Expanded into Germany (2015) and opened an office in Leeds.
  - Achieved net profitability in Q4 2022 and has remained profitable since.
  - Won “UK’s Top 50 Fintechs to Work For” (2025) by Welcome To The Jungle.

## Competitive Advantages
- **Speed and technology**: Fully automated, lightning-fast lending software – first lender in the UK to use Open Banking to connect with large banks.
- **Customer experience**: 5-minute application, 24-hour decision, free early repayment, Trustpilot-recognised customer service.
- **Product innovation**: Launched iwocaPay (trade credit) and a business credit card, expanding beyond basic loans.
- **Scale and data**: Over a decade of lending data and a proprietary credit analysis model that blends automation with human judgment.

## Strategic Focus
- **Expand product suite**: Continue growing iwocaPay and the new business credit card to offer a full financial toolkit for SMEs.
- **Geographic growth**: Deepen presence in Germany and the UK while maintaining profitability.
- **Scale to one million businesses**: Increase loan book, approval volumes, and customer base through technology and partnerships.

## Why Work Here
- **Culture**: Values-driven (“Growth Mindset”, “Humble”, “Smart”, “Motivated”). Emphasis on learning from mistakes, celebrating wins, and personal ownership.
- **Flexibility**: Hybrid/remote-friendly with flexible working arrangements. Twice-yearly team trips to locations like Sicily or the French Alps for co-working weeks.
- **Benefits**: Comprehensive health insurance, cash plan, discounted gym membership, annual stock options for all employees, enhanced maternity/paternity leave, nursery benefit, unlimited unpaid leave, dedicated learning time and budget.
- **Office life**: Each floor of London HQ has stocked fridges for breakfast/snacks, monthly social mixers.
- **Visa sponsorship**: Available for suitable roles.
- **Recognition**: 4.7 rating on Glassdoor, named a top fintech employer in 2025.

## Sources
1. [iwoca.co.uk – Careers](https://www.iwoca.co.uk/careers)
2. [iwoca.co.uk – About Us](http://iwoca.co.uk/about-us)
3. [iwoca.co.uk – Homepage](https://www.iwoca.co.uk/)
4. [Wikipedia – Iwoca](https://en.wikipedia.org/wiki/Iwoca)
5. [LinkedIn – iwoca](https://uk.linkedin.com/company/iwoca)

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